Date: June 4, 2026
Regulatory & Legal Disclosures
Authority and Order Details:
- Name of Authority: The State Tax Officer, Group-VIII, Intelligence-II Chennai-6, Tamil Nadu
- Nature of Order: Rectified GST order (DRC 08) issued on June 3, 2026
- Date of Receipt: Communication received by authorized officer(s) on June 3, 2026
- Reference: This is a continuation of earlier intimation dated March 30, 2026 regarding GST demand for FY 2019–20 for the state of Tamil Nadu
Order Specifics:
- Original Demand: Tax - ₹4.7 Crore and penalty ₹4.7 crores besides applicable interest
- Revised Demand: Tax of ₹3.2 Crores, penalty of ₹3.2 Crore besides applicable interest
- Reason for Demand: Alleged availment & utilisation of ineligible input tax credit
Impact Assessment:
- The Company is exploring preferring an appeal for the said matter
- The company believes there is no material impact on the financials, operations or other activities of the Company
No material disclosures under the following sections: KMP / Board / Auditor Changes, Dividend Declaration, Board Meeting Outcomes, Financial Results, Auditor's Report, Disinvestment / Strategic Actions, Media Release / Investor Communication